I. Acrylic acid price trend:

The average acrylic acid price was 7,900 yuan/ton as of September 5, which was the same as on September 4. The market was stable for the time being, up 3.04% compared with August 5, according to the data from the business associations’list. Today’s domestic acrylic mainstream quotation is 7600-8100 yuan/ton.

II. Market analysis:

Product: The market of acrylic acid is stable today. The overall market trading atmosphere is light, the downstream just need to replenish, the supply of general, cautious wait-and-see. Up to the 5th, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. has been stable. The price of acrylic acid in Wanhua Chemical Petrochemical Co., Ltd. is 7600 yuan per ton. The price of acrylic acid in Wanhua Chemical and Petrochemical Co., Ltd. remains stable. The main supply contract and customers are stable. At present, the price of acrylic acid is 8000 yuan per ton.

Industry chain: The market price of upstream propylene in Shandong Province has increased slightly today. The price of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, and only a few enterprises increased on September 3-5. At present, the market turnover is about 7650-7750 yuan/ton, and the mainstream price is about 7650 yuan/ton. Downstream construction is stable. Acrylic acid just needs to be purchased, and more wait-and-see mentality.

3. Future market forecast:

Acrylic acid analysts of business associations believe that the slight increase in the market price of raw propylene has some cost support for acrylic acid, but the current market supply is sufficient, downstream consumption speed is insufficient to follow up, and the purchase on demand is maintained. It is expected that the acrylic acid market will maintain stable operation in the short term.